InvestCloud launches US innovation centre
John Wise, InvestCloud
California-based InvestCloud has opened its first fintech accelerator and incubator, the InvestCloud Innovation Centre, at its Pacific Design Centre headquarters in Los Angeles.
The new 10,747-foot centre gives banks, wealth managers and other financial services firms “residences” to accelerate the development of new apps through access to InvestCloud’s full technology platform, in collaboration with a team of InvestCloud mentors. Residences are also available to start-ups looking to build their businesses using the InvestCloud platform.
The firm says its new hub “echoes InvestCloud’s beginnings in a Californian garage, when a team of six designed, built and shipped its first product, PlayMyMillions, in just six months”. Teams working at the centre will “follow this approach” of speed and flexibility.
John Wise, co-founder and CEO of InvestCloud, adds: “Our platform and approach is hyper-modular in nature, providing massive leverage and predictability in delivery of financial apps – this is truly different. No project is allowed to take more than six months. Six people, six months, success.”
The centre has capacity for fifteen teams, consisting of no more than six participants each. The firm says further hubs are opening in New York and London later in 2017.
Participants will “show and tell” their work on a weekly basis to demonstrate progress to InvestCloud and their own organisation. Companies working at the centre can also create sub-teams from their own organisation, or use InvestCloud’s staff and external partners.
